WHEN IT COMES to reckless incineration with little regard for the future, planet Earth’s use of fossil fuels appears conservative next to video game developer MKL’s use of capital.
In a tried and tested act of investor relations trickery, MKL released its quarterly cash flow report on Friday afternoon after the market had closed, when there would be the fewest eyeballs on the report. It gave investors no time to respond and gave the share price no time to reflect the new information.
Indeed, the report was not good news. It advised that the company only had enough cash to continue operations for a further 1.1 quarters as of 30 June 2022. That is to say that if the company continued to burn cash at its current rate, it would be game over sometime in October 2022.
WHEN IT COMES to reckless incineration with little regard for the future, planet Earth’s use of fossil fuels appears conservative next to video game developer MKL’s use of capital.
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